WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Holdings Reduced by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lessened its stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 16.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,630,864 shares of the company's stock after selling 533,539 shares during the quarter. Westfield Capital Management Co. LP owned 1.42% of WillScot Mobile Mini worth $98,920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swedbank AB grew its holdings in WillScot Mobile Mini by 229.2% in the third quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after purchasing an additional 2,246,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of WillScot Mobile Mini by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,533,170 shares of the company's stock worth $57,647,000 after buying an additional 43,747 shares in the last quarter. Anthracite Investment Company Inc. acquired a new stake in WillScot Mobile Mini in the 3rd quarter valued at about $2,256,000. First Horizon Advisors Inc. increased its holdings in WillScot Mobile Mini by 16.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,138 shares of the company's stock valued at $80,000 after acquiring an additional 302 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in WillScot Mobile Mini during the third quarter worth about $4,418,000. Institutional investors and hedge funds own 95.81% of the company's stock.

WillScot Mobile Mini Trading Up 2.4 %

WSC stock traded up $0.86 during midday trading on Friday, reaching $36.30. 2,038,623 shares of the company's stock traded hands, compared to its average volume of 4,561,093. WillScot Mobile Mini Holdings Corp. has a fifty-two week low of $32.71 and a fifty-two week high of $52.16. The business has a 50-day moving average price of $37.62 and a two-hundred day moving average price of $38.13. The company has a market capitalization of $6.71 billion, a P/E ratio of 330.03, a PEG ratio of 2.19 and a beta of 1.37. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). WillScot Mobile Mini had a return on equity of 23.97% and a net margin of 1.05%. The business had revenue of $601.43 million for the quarter, compared to analysts' expectations of $617.83 million. During the same period last year, the company posted $0.46 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on WSC shares. Oppenheimer cut their price objective on WillScot Mobile Mini from $53.00 to $46.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Barclays dropped their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. Stifel Nicolaus reduced their target price on shares of WillScot Mobile Mini from $48.00 to $46.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of WillScot Mobile Mini from a "buy" rating to a "hold" rating and lowered their price target for the stock from $46.00 to $35.00 in a report on Thursday, October 31st. Finally, DA Davidson reduced their price objective on shares of WillScot Mobile Mini from $54.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $45.00.

Insider Activity

In related news, EVP Hezron T. Lopez sold 20,000 shares of WillScot Mobile Mini stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the completion of the sale, the executive vice president now owns 57,918 shares in the company, valued at approximately $2,280,810.84. The trade was a 25.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sally J. Shanks sold 14,059 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the sale, the chief accounting officer now directly owns 26,113 shares of the company's stock, valued at $905,859.97. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 20,000 shares of company stock worth $728,750. 3.30% of the stock is currently owned by corporate insiders.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.